Compare Grand Island, NE mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Grand Island.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Grand Island. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Grand Island. Understand how much you need to earn to afford a home in Grand Island, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Grand Island fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Grand Island is right for you.
The median home value for Grand Island, NE (Hall County) is $181,211
Based on current mortgage rates and a 10% down payment, you need to make $37,803 per year to buy the median priced home in Grand Island
With this income, you could qualify for a $163,090 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Grand Island is $875
The median household income for Grand Island, NE (Hall County) is $61,606
Based on this income, you can afford a home valued at approximately $295,310
The home price you can afford to buy based on household income in Grand Island is 163% of the median home value which means housing prices are average. Grand Island (Hall County) ranks 84 out of 93 counties in Nebraska and 1,554 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Grand Island, NE is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grand Island (Hall County) below.
Conforming loan limits for Grand Island, NE
FHA loan limits for Grand Island, NE